Share Name Share Symbol Market Type Share ISIN Share Description
Bp Plc LSE:BP. London Ordinary Share GB0007980591 $0.25
  Price Change % Change Share Price Shares Traded Last Trade
  -27.10 -7.86% 317.65 108,175,915 16:35:02
Bid Price Offer Price High Price Low Price Open Price
318.85 319.05 328.10 310.55 319.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 134,215.42 -18,203.56 -73.45 64,651
Last Trade Time Trade Type Trade Size Trade Price Currency
18:07:55 O 73,222 321.474 GBX

Bp (BP.) Latest News (2)

Bp News

Date Time Source Headline
26/11/202117:51UKREGBP PLC Transaction in Own Shares
26/11/202113:59UKREGBP PLC BP p.l.c. publishes provisional dividend dates
25/11/202118:07UKREGBP PLC Transaction in Own Shares
24/11/202118:17UKREGBP PLC Transaction in Own Shares
23/11/202117:50UKREGBP PLC Transaction in Own Shares
22/11/202117:05UKREGBP PLC Transaction in Own Shares
19/11/202117:02UKREGBP PLC Transaction in Own Shares
18/11/202117:26UKREGBP PLC Transaction in Own Shares
17/11/202117:34UKREGBP PLC Transaction in Own Shares
16/11/202118:27UKREGBP PLC Transaction in Own Shares
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Bp Daily Update: Bp Plc is listed in the Oil & Gas Producers sector of the London Stock Exchange with ticker BP.. The last closing price for Bp was 344.75p.
Bp Plc has a 4 week average price of 310.55p and a 12 week average price of 291.30p.
The 1 year high share price is 366.40p while the 1 year low share price is currently 244p.
There are currently 20,353,021,410 shares in issue and the average daily traded volume is 45,246,201 shares. The market capitalisation of Bp Plc is £64,651,372,508.87.
charlie9038: When you think the market will drop, the reverse happens, this explains todays share price rise: Https://www.proactiveinvestors.co.uk/companies/news/967036/ftse-100-in-the-green-with-bp-and-shell-boosted-as-oil-price-rises-despite-us-reserves-move-967036.html
hazl: A good day share price better than some.
sinzu: Why going green will boost Shell and BP shares The more the world turns to alternative fuels, the more in-demand gas and oil will become The drive to decarbonise the world will push up the share price of oil and gas firms until at least the end of this decade, analysts claim. As global leaders bash out plans to reduce reliance on fossil fuels at the Cop26 summit in Glasgow, energy firms are reaping the benefits of a global crunch in supply as well as pressure to stop the development of new coal, gas and oil fields. Andrew Bailey, the governor of the Bank of England, said: “As we substitute out of more damaging hydrocarbons, coal obviously being a case in point, we will probably see increased demand for some other hydrocarbons [ie gas] during the transition.” The supply of fossil fuels is set to peak in about 2025 thanks to international agreements, but demand is not expected to fall until at least the end of this decade, according to the investment bank Morgan Stanley. The company now expects the price of Brent crude to trade at $95 a barrel by January, up from a previous estimate of $77.50. Last week it was trading at about $83. Martijn Rats, a commodities expert at Morgan Stanley, said: “For the world to decarbonise, both the demand and supply for fossil fuels need to decline, but getting these two things to sync is challenging. On current trends we expect oil and gas demand to peak by the end of this decade, but we expect the peak in supply by 2025. This could support commodity prices, at least until 2030. If you want to slow down fossil fuel production by the end of the decade, you have to take steps to do that now.” Energy firms were severely affected by the pandemic as demand plunged, but supply constraints have been a boon for investors. The MSCI World Energy index, which represents the price of traditional energy firms, is up 48.3 per cent this year, while the Global Alternative Energy index, which tracks the performance of firms involved in renewable energy, is down 1.4 per cent. The FTSE is up about 10 per cent. Georgina Cooper, a co-manager of the Dunedin Income Growth Investment Trust, which includes the French oil and gas firm Total Energies in its top ten holdings, said: “The cash flows and profits of large oil and gas firms are benefiting from higher prices as a recovery in demand for hydrocarbons meets markets that are still somewhat constrained by supply.” BP’s share price is up more than 30 per cent this year, while Royal Dutch Shell has risen 25 per cent. They are both still down about 30 per cent from their pre-pandemic peaks, however. Glencore, the world’s largest exporter of thermal coal, is up more than 40 per cent this year, while Whitehaven Coal, the Australian miner, has risen 48 per cent. Force firms to change Instead of selling their stakes in traditional energy firms, investors seeking a greener bet are being encouraged to participate at annual meetings and vote to sway board decisions. Those invested in publicly listed firms such as BP and Shell can influence their direction. Investors can also vote on the decisions taken by investment trusts — listed companies that hold shares in other firms and in which investors can buy shares. Last week Interactive Investor became the first large investment platform to automatically opt customers into its voting service, meaning they will be invited to participate at annual meetings. Investors are already putting pressure on large oil firms to change direction. The activist hedge fund Third Point, which owns about $750 million of Shell stock, has been calling for it to split, with one part focusing on the traditional energy sector to generate reliable income, and another focusing on renewables. Richard Hunter from Interactive Investor said: “Shell is not in agreement, maintaining that the generation of cash from its oil and gas businesses is required to fund the considerable investment needed in often untested sources of energy.” Laith Khalaf, an analyst at AJ Bell, said: “Whether to invest in oil and gas companies is a personal decision, a little like whether to make the move to an electric car. What the recent petrol pump crisis has highlighted, though, is that many people are still reliant on the likes of BP and Shell to keep their engines running, and it doesn’t make a huge amount of sense to fully divest from these stocks in your portfolio if you are still using their products at the pump.” Environmental, social and corporate governance, or ESG, is the latest buzzword in the investment world as fund managers seek to capitalise on growing demand and market their products with the label. In the first nine months of 2021 a net £26.8 billion was added to ESG funds but £21.2 billion to non-ESG products, according to the analyst Refinitiv. However, definitions for ESG are broad and can include those investing in fossil fuel companies or regimes that few would regard as socially responsible. How do I invest? Large fossil fuel companies, particularly those based in Europe, are investing in more renewable sources of energy, making them attractive for long-term investors, according to Khalaf at AJ Bell. “Some names previously associated with a big carbon footprint have changed their spots and are now at the vanguard of the clean energy transition,” he said. He tips the Danish renewable energy company Orsted, which is favoured by many ESG fund managers. Over the past 12 years the firm has transformed from a coal-guzzling heat and power supplier into a leader in renewable energy. However, the company recently warned of difficult conditions for the sector owing to supply chain hold-ups and rising raw material prices. Its share price is down 31 per cent this year. Khalaf also suggests the UK firm Drax, once the largest coal-fired power station in western Europe. It has reduced its carbon emissions by more than 90 per cent since 2012 and now produces 12 per cent of the UK’s renewable electricity. “These examples show that pollutive energy companies can be part of the solution to climate change in a relatively short time frame, if they put their mind to it,” said Khalaf. The Drax share price is up 42 per cent over a year. Jason Hollands at the wealth manager Tilney likes the Guinness Global Energy fund, which is down 16 per cent over three years compared with a sector average rise of 37.7 per cent. It charges 0.99 per cent a year on top of platform and adviser charges. Guinness Global Energy was one of the top-selling funds last month, according to Interactive Investor. For those interested in renewables, analysts at Interactive Investor tip the Gravis Clean Energy Income fund, which invests in firms supplying and storing clean energy. It is up 75 per cent over three years compared with a sector average of 28.3 per cent. It charges 0.81 per cent a year on top of platform fees. If you use an adviser, expect to pay about 0.5 per cent a year more. For a lower-cost approach, it suggests iShares Global Clean Energy exchange traded fund. It costs 0.65 per cent a year on top of platform and adviser charges.
brucie5: The obvious gap looks to be towards £5 on a two year view. There will obviously continue to be issues around the O&G sector, which will suppress any exuberance around the share price , and also probably restrain any conspicuous rewards to shareholders. Fair enough. But so long as energy prices stay high, BP. should be able to hold the course, buying back shares to lessen the cost of those dividends, giving some modest increase to patient investors, while rolling out their green investments. In which regard they are possibly doing more for transition than the UK gov, by putting actual cash into the proposition. Good on them, and I hope they get some credit - where it's due.
marktime1231: Hmmm. So the Q3 buyback was not $1.4B, it was $900M to build on the previous $500M. How can I have misunderstood what was clearly announced as a $1.4B programme? Maybe, just maybe, bp needs to be a darn sight clearer or I need to be a lot less stupid. Q4, no quibbles, the buyback is a gross $1.25B between now and the next set of results in early Feb 2022, right? STOP PRESS it looks like the higher rate of buyback is underway, but hasn't stopped the share price sliding today. As to the rest of it "adverse fair value accounting adjusting items" I think means the soaring gas market means bp has promised deliveries at prices below what it will cost to fulfill, and the damage on the books before hedging unravels was $6B. Wow. Even worse than Shell. Selling gas forward in a volatile market is a risky business. The good news snippets were continuing reduction in net debt, maybe another $1B divestment proceeds to come in Q4, despite which declining production has been boosted by new projects coming online early, even stronger oil prices will further enhance Q4 earnings.
dorlcote: Planit - An article in the Telegraph the other day made a similar point hTTps://www.telegraph.co.uk/investing/shares/questor-rise-ethical-investing-esg-make-bp-shares-attractive/ Questor: rise of ‘ethical’ investing and ESG only make BP shares more attractive Questor share tip: the environmental movement is gaining speed, breaking down free-market workings of supply and demand By Richard Evans 31 October 2021 The irony about “ethical” investing is that its advocates will end up making shareholders in oil companies richer. We are already seeing at the petrol pumps what happens when resurgent demand meets constrained supply. What is less obvious is how the rise of “ESG”, the in-vogue expression for ethical investing that takes in environmental, social and governance concerns, will entrench those shortages for, in all probability, the remainder of fossil fuels’ involvement in meeting our energy needs. Why? Because the influence of ESG, which has multiplied in the past couple of years and seems certain to grow stronger still, is breaking down the normal free-market workings of supply and demand. In the past, the price mechanism worked its magic to keep supply and demand broadly in balance over the course of a cycle. If a growing economy led to more demand for oil and gas, the immediate effect was for prices to rise. High prices encouraged investment in new sources of supply but the industry often overreacted, so that shortages turned into gluts and prices fell. Investment in new supply then dried up, to sow the seeds of the next shortage. These dynamics played out with a time lag, as it takes years for a new oil well to start to produce. But now the natural urge on the part of the fossil fuel companies to invest in new capacity when prices are high is being throttled by the clamour for “responsible” investing. As more and more fund managers espouse ESG principles, the pool of capital available to support investment in new oil and gas supply is shrinking. It’s not just that the fossil fuel giants would struggle to raise new funds in the City or on Wall Street: the ESG movement also puts pressure on them not to reinvest their own profits in new exploration. Capitalism is dying in the oil and gas sector. Meanwhile the world needs energy and, despite the rapid rise of greener sources, about 80pc still comes from fossil fuels. The inability of the companies that produce them to increase supply – or perhaps even to maintain it, in view of the fact that wells have a finite life – will guarantee that prices remain high and that these companies will make enormous profits. Were the normal market-driven cycle of investment and retrenchment able to continue, we would expect alternating periods of feast and famine. Thanks to ESG’s effective veto on new exploration, we can look forward to uninterrupted feast. What will the oil companies do with all this money they will make? Some will be used to reduce their debts, some to invest in green sources of energy so that they have a future even when, in several decades’ time, we finally have no further use for fossil fuels. But there will still be a lot of cash to give to shareholders in the form of dividends. Shell disappointed shareholders last week when it reported profits below expectations but this is a short-term blip in a story that will play out over many years. Questor recently rated its shares a hold. BP reports third-quarter results on Tuesday. Charles Heenan, of Kennox Asset Management, says: “As risk-focused investors we are drawn to the energy majors. There is strength in their diversification. We believe BP has an excellent portfolio, enormously attractive at this time, diversified across a proper range of assets: gas and oil, both ‘upstream’ [production] and ‘downstream’ [refining], selling to the consumer in its own petrol stations, and now renewables. “The company is generating huge amounts of cash flow, something we don’t see stopping for a while.” Partly because so many institutional investors now turn up their noses, BP’s shares trade at just 8.2 times predicted earnings for the current year, while they yield a predicted 4.4pc. These figures are far from pricing in the bounty in store. We rated the shares a buy in August at 298p and although they now stand 17.5pc higher at 350.2p we reiterate that advice today. Questor says: buy Ticker: BP Share price at close: 350.2p
planit2: @mark The Q1 buyback was lower than 60% of FCF so the Q2 one was higher to make up for it. The last prediction was they wanted to buy back $1bn of shares per qtr at oil price of $70 so the $1.25bn announced is higher. @All the others who are complaining about debt and divis when the company has explicitly stated they are not changing them: The best use for company profits at the moment is the buybacks if you are a long term holder. There is no point paying down debt any further as debt levels are not high and can be paid down further if needed (debt is cheaper for a company than equity) . However, the share price is on a historically low pe ratio and buying back shares will compound this (all the shares bought back at 300p was @ a current discount of 20%). If anyone wants to know why the share price is low you need to look at COP26 and the current ESG thinking, all funds are under huge pressure to sell their fossil fuel holdings. This will not end soon so if anyone wants a quick re-rate to 'fair value' they should probably sell now to save themselves the pain of it not happening.
optomistic: 2.8% drop in share price on very good results! The market is telling Loomy something I would say...a divi increase would have reversed this move but he is not too concerned about increasing shareholder value it seems. Argument will be that the buy backs are increasing shareholder value but having been with BP for many years I have seen many many buy backs and we are still at a low share price price so the argument for buy backls just doesn't cut it with me. Imcresed divi and reduced debt would have been very well accepted by the market.
marktime1231: Except that as at Dec 2020 in the NASDAQ list of institutional shareholders Norges Bank was identified as owning fewer that 670,000 shares. Unless I have missed something fundamental, during 2021 Norges Bank has accumulated an enormous stake, and at 3% is now, by miles, the largest holder of BP. Can't see anything from the UK identifying major shareholders but I have been and read through the rns history. The announcement on 12 Oct was of Norges Bank exceeding the 3% threshold for the first time, which presumably is a UK main market reporting threshold. No-one in recent history has held that much BP stock, it was a first declaration of its type that I can find on rns. On 14 Oct they announced just slipped back under 3% again. Might they want an active say in BPs direction? Is there a tie-up with BP, co-investing on renewables and CO2 storage under the North Sea? Could Norges Bank have a vision for BP merging with a Norwegian entity like Equinor or ...? If Norges has taken a massive stake, presumably on behalf of Norway's sovereign wealth fund, they have rowed against the tide of ESG opinion that BP is not sufficiently green, and placed a big bet that BP was hugely undervalued at 300p. They have bought double BP's own buyback programme. And fuelled the share price rising over 360p, a self-rewarding build of stock. What are Norges Bank intentions from here? Is this real, am I seeing something that isn't there, why has this not sparked market interest and comment?
waldron: Europe Desperately Needs To Diversify Its Energy Supply By Stuart Burns - Oct 10, 2021, 10:00 AM CDT Rising energy prices have fueled inflation that was already being stoked by commodity price increase and supply chain problems for much of this year. Thermal coal prices have risen to record levels, threatening to impact GDP growth in China and India as a result of electricity rationing. Europe’s energy markets are particularly exposed to supply disruptions despite supposedly being highly integrated. Join Our Community We have written twice over the last week concerning the energy crunch, first in China and then in India. Thermal coal prices have risen to record levels, threatening to impact GDP growth as a result of electricity rationing. The Financial Times observes that China has suffered a triple whammy of emissions restrictions on power generation, a shortage of coal, and price caps on electricity that mean demand is unaffected as input costs have risen. India, which relies heavily on coal for its thermal power plant, is facing tight supplies and record prices. Nationally, it has only four days of stocks left. Europe energy costs on the rise But energy — whether it is in the form of coal, natural gas or oil — is a global commodity. Both Europe and the U.S. find themselves with their own set of challenges, more skewed to the tight natural gas market and rising global oil prices. The U.K. is not alone but is possibly the most acutely exposed to Europe’s reliance on imported natural gas, particularly from Russia. U.S. gas contracts for November delivery surged nearly 40% this week to hit £4 per therm (having started 2021 below 50p). But a surprise announcement by Vladimir Putin yesterday saying Russia was prepared to increase supplies to stabilize prices prompted a sharp sell-off, sending the price down to £2.87. Whether it stays there will depend in large part on whether Russia can honor that commitment in the months ahead. Russian state gas supplier Gazprom has come under intense criticism for deliberately shipping to no more than its minimal contractual obligations this year. The reality is Russia’s own inventory levels are also depleted after a harsh winter. Related: WTI Oil Price Breaks $80 For The First Time Since 2014 It is probably fair to say Europe’s energy markets are particularly exposed to supply disruptions despite supposedly being highly integrated. Many large industrial consumers have complained that the E.U.’s Green Deal to make the bloc climate neutral by 2050 will only push up energy prices further. In turn, that could ultimately lead to social unrest. For example, high energy prices resulted in the French “gilets jaunes,” or yellow vests, demonstrations in 2018-2019. Inflation, energy cost impacts Rising energy prices have fueled inflation that was already being stoked by commodity price increase and supply chain problems for much of this year. Rising energy costs and inflation have been contributing factors in the August fall in German industrial orders. Orders fell 7.7%, a far sharper fall then economists had expected. Meanwhile, rising energy costs have prompted the closure of large energy consumers across Europe, such as ammonia and fertilizer production. Meanwhile, in the U.S., oil prices this week hit the highest level in seven years after OPEC+ decided to maintain current production levels, which will see a planned increase of just 400,000 barrels a day from November. U.S. administrators have talked about release from the strategic petroleum reserve and even limits or a ban on U.S. exports of crude oil to limit domestic oil price rises. The average price of gas at the pump has reached $3.19 a gallon, the highest in seven years. The U.S. economy does not appear to be unduly hindered by the price rises yet. The private sector added a higher-than-expected 568,000 jobs in September, the biggest rise in three months. However, with midterm elections next year, high gas prices will not go down well with voters. Looking ahead Buyers of European components may expect to see some inflation in prices this year and next. Cost increases are coming, not just from metal prices but energy, wage costs and continuing logistics delays in Europe. It is to be hoped the continent copes through this winter and cost increases do not derail the recovery. While manufacturers have been riding a wave of unprecedented demand recovery, it should not be mistaken as unstoppable. A number of factors are converging to push up costs while potentially dampening demand. That makes a toxic mix for a still-fragile recovery. By Stuart Burns via AG Metal Miner More Top Reads from Oilprice.com:
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